Business

Newly appointed chairman of the Ministry of Finance communications task force Acie Lumumba has accused senior Reserve Bank of Zimbabwe officials of running a foreign currency cartel at the central bank. In his video last night on Facebook he dined that Mthuli Ncube and John Mangudya are not to blame for the corruption at the RBZ. Lumumba named RBZ Director ...

Deputy Minister of Lands, Agriculture and Rural Resettlement, Vengelis Haritatos addressed stakeholders on the issue of wheat at a conference held today at Harare International Conference Centre. The conference was held under the theme “Promoting Value Addition and Beneficial through Restoring Efficiency and Sustainability along the Wheat to bread value chain.” He said that the production of wheat must be ...

NetOne has awarded two of the three schools that won in the NetOne School for less promotion. The ceremony took place at the NetOne offices today in Harare. The two schools that received include Bridging the Gap Academy and Good Hope Junior School. Netone gave the winners prices for becoming the top schools in the promotion and promised that the ...

With the economic instability that Zimbabwe is facing the pay, allowance or wages that are been received by many no longer means anything. The business sector is going down as the value of money especially the bond note is going day and the cost of living increase nearly every day. The parallel market is increasing the rates nearly after every ...

The Vice President Kembo Mohadi has warned the pharmaceutical sector on price hiking and refusing to accept their medical aids under the banner no forex no medication. He said this to the media yesterday following issue of price hikes that are underway in the country at the Munhumuatapa building in Harare, he said that the government is going to stabilise ...

Following the chaos that is happening in the country the government seems to be confused on the main reasons of the price hikes. Different reactions by local retailers have even made some to close due to the instability. Yesterday the Vice President Kembo Mohadi released a statement were he advised all those who are selling basic commodities to reduce their ...

Central Africa Building Society (CABS) to close two of its branches in Harare. As the country is in the grip of a mega economic crisis which has led to company closures, severe job cuts and price increases on the back of foreign currency shortages, the situation has not spared the long-time serving bank. CABS is merging Malbereign and Mabvuku branches ...

Zimbabwean Pharmacies have temporarily suspended the use of medical aid cards,selling basic medicines in US dollar and some even closed due to the prevailing economic conditions . Local pharmacies claim that the current bond note cannot buy medicine especially from outside suppliers as a result there is no need to sell in bond notes , however the issue of basic ...

The people of Zimbabwe have expressed bitterness and cautious feelings about last Monday’s monetary policy by Reserve Bank of Zimbabwe governor Dr John Mangudya post to his 2016 promises in equating the US dollar and bond notes . The public is appealing to the government over this so called daylight robbery whereby on every mobile transaction 2 % is to ...

The Governor of the Reserve Bank of Zimbabwe Dr John Mangudya yesterday presented a new monetary policy in which he mentioned the policy as expected to encourage exports and form measures to boost confidence in the foreign currency market, and rein inflation. Mangudya said that, since the economy had been damaged by the reintroduction of local currency this new monetary ...

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